Coin,,glass data shows that over two billion Dollars in leveraged short positions #البيتكوين are at risk of liquidation above the 91,000 Dollar level, concentrated around resistance levels with current trading at 88,000 Dollars.
Breaking through this level may lead to consecutive buybacks, amplifying the upward momentum as short positions are covered in anticipation of potential pressure.
This flaw in leverage highlights the risks faced by sellers, as liquidation of long positions will be less likely unless prices drop sharply below the support level. #USGDPUpdate #USCryptoStakingTaxReview $LTC $BTC
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Coin,,glass data shows that over two billion Dollars in leveraged short positions #البيتكوين are at risk of liquidation above the 91,000 Dollar level, concentrated around resistance levels with current trading at 88,000 Dollars.
Breaking through this level may lead to consecutive buybacks, amplifying the upward momentum as short positions are covered in anticipation of potential pressure.
This flaw in leverage highlights the risks faced by sellers, as liquidation of long positions will be less likely unless prices drop sharply below the support level.
#USGDPUpdate
#USCryptoStakingTaxReview
$LTC
$BTC